CA > Pasadena
Pasadena, CA 91106,160 S Michigan AVE
Pasadena, CA 91106,160 S Michigan AVE
Pasadena, CA 91106,160 S Michigan AVE
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$7,500,000
Est. payment /mo
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9,522 Sqft Lot
New

160 S Michigan AVE Pasadena, CA 91106

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Andre Hobbs

Andre Hobbs

+1(619) 349-5151

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25178432

HOA Y/N No

Year Built 1965

Lot Size 9,522 Sqft

Property Sub-Type Apartment

Property Description

Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Forced Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Carport Spaces 15

Pool None

Community Features Urban

Utilities Available See Remarks

Total Parking Spaces 15

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5735009014

Energy Description 600.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Matt Cuong Ly Coldwell Banker Realty matt.ly@cbcnrt.com

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agent

Andre Hobbs

San Diego Real Estate Broker / Military Veteran | License ID: 01485241

+1(619) 349-5151

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160 S Michigan AVE